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Wisconsin unemployment rate unchanged in May

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Wisconsin’s unemployment rate remained unchanged at 3.3% in May, nearly a full percentage point lower than the national rate but up almost half a point from a year earlier.

The national unemployment rate was 4.2% in May and Wisconsin’s rate was 2.9% at the same time in 2024.

Wisconsin’s labor force participation rate also dropped by two-tenths to 65.3%. That rate is down six tenths from a year ago, but remains nearly 3 percentage points better than the national rate.

Data on the unemployment and labor force participation rate comes from a U.S. Bureau of Labor Statistics survey of households. A separate survey of employers identifies payroll levels by sector.

Overall, private sector employment in Wisconsin was up by 1,300 jobs in May to 2,636,500.

Manufacturing helped drive the gains with an increase of 1,900 positions. Durable goods manufacturing, in particular, was up 1,200.

On the private service providing side, overall employment was down 500.

Financial activities gained 1,200 positions and professional, scientific and technical services added 1,800 jobs, but those gains were offset by other sectors.

Specifically, administrative support and waste management services lost 2,500 jobs, retail trade lost 1,300 jobs, and accommodation and food service was down by 1,000.

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Arthur covers banking and finance and the economy at BizTimes while also leading special projects as an associate editor. He also spent five years covering manufacturing at BizTimes. He previously was managing editor at The Waukesha Freeman. He is a graduate of Carroll University and did graduate coursework at Marquette. A native of southeastern Wisconsin, he is also a nationally certified gymnastics judge and enjoys golf on the weekends.
Wisconsin’s unemployment rate remained unchanged at 3.3% in May, nearly a full percentage point lower than the national rate but up almost half a point from a year earlier. The national unemployment rate was 4.2% in May and Wisconsin’s rate was 2.9% at the same time in 2024. Wisconsin’s labor force participation rate also dropped by two-tenths to 65.3%. That rate is down six tenths from a year ago, but remains nearly 3 percentage points better than the national rate. Data on the unemployment and labor force participation rate comes from a U.S. Bureau of Labor Statistics survey of households. A separate survey of employers identifies payroll levels by sector. Overall, private sector employment in Wisconsin was up by 1,300 jobs in May to 2,636,500. Manufacturing helped drive the gains with an increase of 1,900 positions. Durable goods manufacturing, in particular, was up 1,200. On the private service providing side, overall employment was down 500. Financial activities gained 1,200 positions and professional, scientific and technical services added 1,800 jobs, but those gains were offset by other sectors. Specifically, administrative support and waste management services lost 2,500 jobs, retail trade lost 1,300 jobs, and accommodation and food service was down by 1,000.

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